OTHER NEWS - Aug. 27, 1991
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America West Deal Hits Snag: A deal by America West Airlines to secure $55 million in loans was delayed in U.S. Bankruptcy Court after some creditors raised unspecified objections. The agreement requires court approval as a result of the Chapter 11 bankruptcy filing by Tempe, Ariz.-based America West on June 27. A new hearing concerning the loans was set for Friday. America West is seeking approval for loans of $20 million from Northwest Airlines and $35 million from GPA, an Irish company that leases aircraft to America West.
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